CNG and electric buses is gaining the major attention as the next major development in bus; however, there are certain challenges that will need to be addressed, including the safety measures and government regulations regarding environment. Further, advancement in the bus technologies is expected to boost the global market in the forecast period. In the recent years, many leading manufacturing companies are dedicated in developing electric hybrid buses, with major focus to reduce cost and increase efficiency. Many high capacity buses, low floor and less noise is coming in market keeping in view the customer convenience.

According to Analytics research report, “Global Bus Fleet Market: Analysis By Type (Inter City Bus, School Bus, Others), By Region, By Country: Opportunities and Forecast (2012-2022) – By Region (North America, Europe, APAC, ROW), By Country (U.S., Canada, Germany, U.K., China, India, Saudi Arabia, UAE, Oman Qatar, Kuwait, Bahrain, Algeria, Morocco, Egypt , Brazil)”, global market is projected to display a modest growth represented by a CAGR of 7.38% during 2017 – 2022. The growth is backed by rising demand of electric vehicles, government regulations to use energy efficient and less pollutant emission engines and growing advancements in the electrification technology. The demand for buses is growing with rapid urbanization and rising concern of people towards environment safety. Among the regions, APAC accounts for the largest regional share in the total Bus market in 2016 and again is predicted to advance at the highest rate, mainly driven by the growing economies of China and India with increasing automotive production, rising demand of electric vehicles and industrial development.